NZD/CZK - 1H - Technical analysis published on 11/04/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 14.754 CZK
My targets
14.796 CZK (+0.24%)
14.903 CZK (+0.97%)
My analysis
The bullish trend is currently very strong on NZD/CZK. As long as the price remains above the support at 14.754 CZK, you could try to benefit from the boom. The first bullish objective is located at 14.796 CZK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14.903 CZK as an objective. Crossing it would then enable buyers to target 15.095 CZK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
9.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/CZK price is 14.760 CZK. On the day, this instrument gained +0.54% and was traded between 14.685 CZK and 14.765 CZK over the period. The price is currently at +0.51% from its lowest and -0.03% from its highest.14.685
14.765
14.760
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/CZK indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.685 | 14.715 | 14.754 | 14.760 | 14.796 | 14.903 | 15.095 |
| Change (%) | -0.51% | -0.30% | -0.04% | - | +0.24% | +0.97% | +2.27% |
| Change | -0.075 | -0.045 | -0.006 | - | +0.036 | +0.143 | +0.335 |
| Level | Major | Intermediate | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.550 | 14.606 | 14.643 | 14.699 | 14.736 | 14.792 | 14.829 |
| Camarilla | 14.655 | 14.664 | 14.673 | 14.681 | 14.690 | 14.698 | 14.707 |
| Woodie | 14.542 | 14.601 | 14.635 | 14.694 | 14.728 | 14.787 | 14.821 |
| Fibonacci | 14.606 | 14.641 | 14.663 | 14.699 | 14.734 | 14.756 | 14.792 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.364 | 14.456 | 14.569 | 14.661 | 14.774 | 14.866 | 14.979 |
| Camarilla | 14.625 | 14.643 | 14.662 | 14.681 | 14.700 | 14.719 | 14.737 |
| Woodie | 14.374 | 14.461 | 14.579 | 14.666 | 14.784 | 14.871 | 14.989 |
| Fibonacci | 14.456 | 14.535 | 14.583 | 14.661 | 14.740 | 14.788 | 14.866 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.163 | 14.354 | 14.511 | 14.702 | 14.859 | 15.050 | 15.207 |
| Camarilla | 14.573 | 14.605 | 14.637 | 14.669 | 14.701 | 14.733 | 14.765 |
| Woodie | 14.147 | 14.346 | 14.495 | 14.694 | 14.843 | 15.042 | 15.191 |
| Fibonacci | 14.354 | 14.487 | 14.569 | 14.702 | 14.835 | 14.917 | 15.050 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.65 | |
| MACD (12,26,9): | 0.0160 | |
| Directional Movement: | 13.831 | |
| AROON (14): | 78.571 | |
| DEMA (21): | 14.747 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.704 | |
| Elder Ray (13): | 0.022 | |
| Super Trend (3,10): | 14.700 | |
| Zig ZAG (10): | 14.758 | |
| VORTEX (21): | 1.0880 | |
| Stochastique (14,3,5): | 91.67 | |
| TEMA (21): | 14.752 | |
| Williams %R (14): | -3.57 | |
| Chande Momentum Oscillator (20): | 0.061 | |
| Repulse (5,40,3): | 0.1480 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0110 | |
| Courbe Coppock: | 0.48 |
| MA7: | 14.662 | |
| MA20: | 14.712 | |
| MA50: | 14.802 | |
| MA100: | 14.934 | |
| MAexp7: | 14.748 | |
| MAexp20: | 14.728 | |
| MAexp50: | 14.702 | |
| MAexp100: | 14.682 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | +0.33% | |
| Price / MA50: | -0.28% | |
| Price / MA100: | -1.17% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.53% |
This member declared not having a position on this financial instrument or a related financial instrument.
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